Trade-In Appraisal
Black Book: How It Is Used
When it's time to say goodbye to your old car and upgrade to a newer model, the first step is determining the value of your current vehicle.
The automotive industry can be quite complex, making it difficult to assess a car’s worth. This is why vehicle valuation tools have become indispensable.
One of the most renowned valuation tools is the Canadian Black Book (CBB). Although it no longer exists as a physical book and is now available online, Canadian Black Book remains a leader in automotive pricing.
CBB evaluates historical and transactional sales data at the provincial level to deliver the most precise vehicle values to buyers, sellers, and dealers.
What Is Canadian Black Book?
Canadian Black Book has shifted to an online platform and remains a reliable source for valuing both new and used vehicles.
It also provides tailored data licensing solutions and assists lenders with origination and risk analysis.
For individuals aiming to buy or sell cars and trucks privately, Canadian Black Book is an essential resource for determining your car's trade-in value or evaluating if the price you're considering is fair or slightly inflated.
They establish these values by thoroughly analyzing nationwide auction and online sales data.
How To Use Canadian Black Book?
It’s simple, start by filling out your vehicle's basic information below and then follow the prompts as provided. Once you reach the final step, be sure to have your evaluation emailed directly to you so you can show the brand ambassador you’re working with.
